Portugal registers a 17% increase in gross gambling revenue in the second quarter

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iGaming Business

Portugal sets €215.3m online gambling revenue record in Q3

Total market revenue in the three months to 30 September 2023 surpassed the existing record of €122.0m, which was set in Q2, by 4.6%. The Q3 figure was also 36.1% higher than €158.2m in Portugal in the same period in 2022. Some €133.4m of revenue in Q3 came from online games of chance, up 50.5% year-on-year. This was a new segment record and also…

Industry ・ 05 January 2024

World Casino News

Online Gambling in Portugal Breaks the Revenue Records

The online gambling revenue in Portugal keeps increasing, and the new quarterly record has been broken. In the third quarter, Portugal earned €215.3 million (£185.6m/$235.4m), according to the country's gambling regulator Gaming Regulation and Inspection Service (SRIJ). The land-based casinos' revenue also increased, but sports betting in Portugal…

Finance ・ 06 January 2024

iGaming Business

Portugal online gambling revenue reaches record €205.9m in Q2

Revenue was comfortably higher than €145.2m in Q2 of 2022. The figure was also up 4.9% on the existing record of €196.4m set in Q1 this year. Online games of chance accounted for €122.0m of all revenue in the quarter, up 51.6% on last year. This was a new record for the segment, according to regulator the Gaming Regulation and Inspection Service…

Industry ・ 27 September 2023

US Bets

New Jersey Casinos' $146M In Q2 Gross Profit Down From 2022

The New Jersey Division of Gaming Enforcement reported Wednesday that all nine Atlantic City casinos and three online casino licensees reported gross profits for the second quarter of this year, but the combined $146 million was down 20.5% compared to the same period last year. The figure is $37.6 million lower than Q22022, as five of eight venues…

Finance ・ 24 August 2023

Wild Casino

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Yogonet

Massachusetts gambling revenue totals $160M in April, up almost 5% from March

Massachusetts' casinos and sports betting operators combined to generate just over $160 million in gross gaming revenue (GGR) during the month of April, according to the latest monthly report from the Massachusetts Gaming Commission. Revenue was up by almost 5% on a monthly basis when compared to $152.6 million during March. Of the $160 million in…

Finance ・ 21 May 2023

iGaming Business

Portuguese online gambling revenue hits record €195.3m in Q4

Gross revenue for the three months to 31 December 2022 was 39.7% higher than €139.8m in the corresponding period of the previous year and also 23.4% more than the previous quarterly record of €158.2m set in Q3 of 2022. Casino was the primary source of revenue during the quarter, generating €109.8m in total revenue, up 48.3% year-on-year and 23.8%…

Industry ・ 23 March 2023

iGaming Brazil

Online gambling in Portugal registers a growth of 8.6% in the third quarter

Online gambling in Portugal grew by 8.6% during the third quarter, according to the Portuguese Gaming Regulation and Inspection Service (SRIJ). The absolute GGR in the period between July and September 2022 reached 159.1 million euros (USD 168.8 million), which means an increase of 8.6% compared to the previous quarter, details the report. Sports…

Sports ・ 09 January 2023

iGaming Brazil

High demand for live casinos drives Evolution's quarterly revenue

Evolution reported a 37% increase in revenue for the third quarter of the year, driven by a "high demand" for live casino content. The group generated 378.5 million euros (US$381 million) in operating income in the third quarter, up from 276 million euros in the prior-year period. EBITDA, in turn, increased by 35% to 261 million euros. However,…

Finance ・ 11 November 2022

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Gambling News

French Gambling Reaches €5B H1 Turnover

France's national gambling Authority (ANJ) is an independent body that reports to the Parliament and is responsible for regulating licensed gambling and betting games while overseeing responsible gambling policies for casinos. According to fresh data from the authority, the country's sector has experienced an increase of more than 7% in the total…

Covid ・ 04 October 2022

Gambling News

Gambling Revenue in Denmark Marks 7% Increase for Q2

Spillemyndigheden, the Danish Gambling Authority, has announced its quarterly statistics showing the total gross gaming revenue (GGR) reported by licensed gambling operators for the second quarter of 2022. Overall, GGR for online casinos, gaming machines, land-based casinos and betting in Q2, 2022 hit DKK 1688 million ($229 million). When compared…

Finance ・ 13 September 2022

World Casino News

Double casino tender launch in Portugal

In Portugal and the Servicos de Regulacao e Inspecao de Jogos (SRIJ) gaming regulator has reportedly announced the official launch of an international tendering process for the licenses to operate two of the country's most prominent casinos. According to a Tuesday report from a source, the move comes as the current licenses for the venues situated…

Trust and Safety ・ 25 August 2022

GGRAsia

Manila’s Winford casino hotel promoter cuts 2Q loss

MJC Investments Corp, promoter of the Winford Manila Resort & Casino (pictured) in the Philippine capital, reduced its second-quarter net loss by 24.8 percent, to PHP130.0 million (US$2.3 million) from a net loss of PHP172.9 million in the prior-year quarter. The company reported a net loss of PHP249.3 million for the first six months of 2022. It…

Travel ・ 17 August 2022

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Gaming Intelligence

Online casino drives growth in Portugal in Q2

Portugal's regulated online betting and gaming market grew revenue by 17 per cent in the second quarter of 2022, despite a decline in sports betting. Total gross gaming revenue (GGR) generated by the country's 15 licensed online operators increased to €146.4m in the second quarter of the year, buoyed by a 42 per cent increase in online casino GGR…

Sports ・ 09 August 2022

iGaming Business

Portuguese online gambling revenue jumps 23.6% YoY in Q1

Revenue for the three months to the end of March was €158.6m (£135.3m/$161.7m), up from €128.3m in the corresponding period last year. Online casino revenue for the quarter amounted to €80.9m, which was 37.6% higher than €58.8m in Q1 of 2021, while online sports betting revenue also increased 11.8% to €77.7m. Looking at player spending, consumers…

Finance ・ 07 July 2022

The Portugal News

State earned €567 million through online gambling

The data from the Gaming Regulation and Inspection Service(SRIJ) and the Ministry of Economy reveal that the pandemic years, 2020 and2021, were the ones that provided a greater fit for the State, through thespecial tax on gaming and fees of licenses and systems approval. In 2020, grossrevenue increased by 120.9 million (up 56.2%) compared to 2019,…

Law ・ 29 June 2022

Yogonet

Mohegan Sun Las Vegas and MGE Digital boost 28% growth for the parent company's revenues

Mohegan Gaming & Entertainment (MGE), on Thursday posted overall net revenues of $358.5 million in its second fiscal quarter ended March 31, a year-over-year increase of 28.7% , and adjusted EBITDA of $86.7 million, an increase of 7.4%. These improvements were due to "strong performance" at the company's owned properties and the addition of Mohegan…

Finance ・ 13 May 2022

Black Immigrant Daily News

The Casino Industry In Latin America

News Americas, NEW YORK, NY, Tues. April 26, 2022: Latin America and the Caribbean has long been viewed as a massive growth opportunity for the online gambling industry. Analysts have forecast that remote iGaming revenue could reach $3.6 billion in 2023 and increase of around $1.4bn from four years ago. Playing baccarat online and other casino…

Industry ・ 26 April 2022

European Gaming

Revenues from Interactive Gambling Almost Doubled in Latvia Last Year

Last year, revenue from gambling in Latvia was 128 million euros. Online gaming almost doubled year-on-year from 2020, making up €109.0m of the total revenue - a 91.8% rise. Online casino games made up €87.8m of the total igaming revenue, more than doubling its revenue from 2020. Totalisers, wherein bets are added up in a pari-mutuel system, made…

Finance ・ 09 February 2022

Casino News Daily

Sweden’s gambling industry is on the rebound with online sales leading the way

With 95 active gaming licenses in the country the Swedish Gambling Inspectorate (Spelinspektionen), has released gambling revenue numbers for the industry in Q32021. The numbers are preliminary and may be adjusted slightly before the year-end report but current net sales, total bets minus payouts, are up about 5% over the same third-quarter period…

Industry ・ 02 December 2021

European Gaming

Top Interesting Facts About Online Casinos in Czechia

Whenever someone discusses a topic of gambling we usually immediately think of the US and Las Vegas. However, the majority of gambling activity actually happens online nowadays and it's a very popular hobby in Canada, Australia, and all over the world in fact. Czechia is another country where this hobby is really popular, and there are some…

Interesting ・ 27 October 2021

Augusta Free Press

Players in Spain prefer online slot machines over other casino games

Even in the middle of 2021, players in Spain prefer online slot machines over other casino games. Taking into consideration the most up-to-date report from the Directorate General for the Regulation of Gambling (DGOJ), the sums of money that are wagered on slot machines have grown steadily without stopping over the years. Compared to other games…

Games ・ 15 October 2021

Gambling News

Sweden: Online Gambling Drove Q2 2021 Industry Growth

Online gambling in Sweden fueled second quarter double-digit growth in the country, which has its land-based gaming facilities almost completely taken off the country's gambling map. The Swedish gambling market registered for the three months ended June 30, 2021 SEK6.5 billion ($780 million) in revenue, up 4.7% on the SEK6.2 billion ($744 million)…

Industry ・ 02 September 2021

Penn Bets

Retail Casinos Just Saw Best Month Ever In PA, But Can They Sustain It?

A year ago, Pennsylvania's gaming industry was holding its head above water through online gaming growth that offset gamblers' aversion to brick-and-mortar casino visits in the midst of a pandemic. Last month was a different story. The July figures released by the Pennsylvania Gaming Control Board showed casino visitors lost a record $309.8 million…

Covid ・ 19 August 2021

World Casino News

AGA reports commercial casino revenues at an upward trend

Commercial gaming revenues in the United States are on the rise. According to the American Gaming Association, totals reached $13.6bn for the second quarter of 2021, which is a new record for the industry. The total is the best one yet, outpacing the 2019 third quarter results of $11.1 billion. To date, commercial gaming facilities have generated…

Finance ・ 12 August 2021

Best US Casinos

Here's a Look at New Jersey's Casino Revenue in 2021's Q1

New Jersey is still the largest gambling hub in the Eastern United States. The casino industry here has been improving significantly over the past few years. Reports have now confirmed that New Jersey's casino revenue surged over the year's first quarter. It's fantastic news for the casino companies operating in the state. Analysts are now…

Finance ・ 12 May 2021